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Mongolia Trade (% GDP)

Mongolia's trade (% GDP) fell to 138.89% in 2024, down from 142.86% in 2023, according to World Bank. This represents a decrease of 3.97% from the previous year. Mongolia has trade (% GDP) higher than the global median (138.89% vs median 84.49%). Compared with the median in Asia, Mongolia is higher (138.89% vs regional median 82.69%) and ranks 9th out of 45 countries in Asia.

Yearly Historical Data (1981-2024)

(in %)
Year Trade (% GDP)
2024 138.89%
2023 142.86%
2022 136.33%
2021 119.1%
2020 112.84%
2019 124.4%
2018 126.36%
2017 115.93%
2016 101.06%
2015 89.65%
2014 109.32%
2013 100.31%
2012 109.59%
2011 127%
2010 103.35%
2009 107.81%
2008 121.2%
2007 117.88%
2006 112.93%
2005 122.38%
2004 131.33%
2003 120.3%
2002 118.52%
2001 115.82%
2000 121.89%
1999 112.24%
1998 107.35%
1997 99.99%
1996 77.97%
1995 82.1%
1994 99.16%
1993 129.74%
1992 65.3%
1991 136.6%
1990 58.62%
1989 76.36%
1988 94.47%
1987 103.07%
1986 111.57%
1985 94.94%
1984 94.25%
1983 89.03%
1982 90.72%
1981 94.9%
Mongolia Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Mongolia divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $12.56B $9.24B 2022
Annual Imports $8.75B $6.84B 2022
Exports (% GDP) 69.14% 76.26% 2024
FDI Inflows (% GDP) 11.06% 14.61% 2023
Imports (% GDP) 69.75% 66.61% 2024
Net Trade (Goods & Services, BoP) $1.96B -$1.12B 2023
Tariff Rate 5.04% 5.04% 2022